16,100 Shares in Lennar Corporation $LEN Purchased by Polianta Ltd

by · The Markets Daily

Polianta Ltd bought a new position in Lennar Corporation (NYSE:LEN – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 16,100 shares of the construction company’s stock, valued at approximately $1,398,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Lennar by 6.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,171 shares of the construction company’s stock valued at $710,000 after acquiring an additional 528 shares during the period. World Investment Advisors increased its holdings in Lennar by 40.7% during the 4th quarter. World Investment Advisors now owns 2,423 shares of the construction company’s stock worth $249,000 after acquiring an additional 701 shares during the period. Corient Private Wealth LLC lifted its stake in Lennar by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 68,662 shares of the construction company’s stock worth $7,058,000 after purchasing an additional 2,381 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Lennar in the 4th quarter valued at $244,000. Finally, Instrumental Wealth LLC purchased a new position in shares of Lennar during the 4th quarter valued at $307,000. 81.10% of the stock is currently owned by institutional investors.

Lennar Stock Up 0.0%

Shares of NYSE LEN opened at $89.74 on Friday. The stock has a market capitalization of $22.17 billion, a P/E ratio of 14.04, a PEG ratio of 3.00 and a beta of 1.39. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.91 and a quick ratio of 0.91. Lennar Corporation has a one year low of $81.18 and a one year high of $144.24. The firm’s 50 day simple moving average is $89.57 and its two-hundred day simple moving average is $101.95.

Lennar (NYSE:LEN – Get Free Report) last announced its quarterly earnings data on Thursday, June 11th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. The company had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $8.08 billion. Lennar had a net margin of 4.93% and a return on equity of 7.08%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 EPS. As a group, analysts expect that Lennar Corporation will post 5.47 EPS for the current fiscal year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, April 22nd. Lennar’s dividend payout ratio (DPR) is 31.30%.

Analyst Ratings Changes

Several research firms recently commented on LEN. Royal Bank Of Canada reduced their target price on Lennar from $88.00 to $85.00 and set an “underperform” rating for the company in a research report on Monday, June 15th. Truist Financial lowered their target price on shares of Lennar from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Tuesday, March 31st. Seaport Research Partners reissued a “sell” rating and issued a $74.00 price target (down from $140.00) on shares of Lennar in a research note on Tuesday, April 7th. Wells Fargo & Company lowered their price objective on shares of Lennar from $90.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, June 15th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lennar in a report on Thursday, June 11th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and ten have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $95.00.

Get Our Latest Report on Lennar

Lennar Company Profile

(Free Report)

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.

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